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MCLEAN, Va., June 18 /BUSINESS WIRE/

Chairman and CEO Matthew P. Lawlor of Online Resources & Communications Corporation (Nasdaq:ORCC - news), a leading provider of Internet and remote banking services, will address the Magic Line EFT Technology Conference June 25, at 10 a.m. in Chicago.

He will outline the critical role awaiting the nation's EFT (electronic funds transfer) and ATM networks in the burgeoning online financial services industry.

''The Internet is fulfilling its promise as a real-time connection for ideas, information and commerce,'' Lawlor said. ''Now it is time to marry it with the powerful, real-time processing capabilities of the ATM networks' online payments infrastructure. The emerging electronic commerce market opens up significant new business possibilities for ATM networks and processors. Collectively, these real-time networks, with nearly all the necessary rules and regulations in place, are in a position to form the backbone of a 21st century payments system.''

An ATM Pioneer
Online Resources and Lawlor have partnered with ATM networks as pioneers in the online financial industry. In 1993, Online Resources was awarded a patent on its method for processing bill payments, as well as online point-of-sale and other real-time transactions in the home, when they are routed through an ATM or online network. The company believes that this real-time method brings quality, speed, scale and cost advantages to consumers, merchants and financial institutions. When processing payments through the ATM networks, bill payments are guaranteed. In the real-time debit process, consumers avoid the costs and headaches of overdrawn accounts. Merchants know they're receiving guaranteed funds. The real-time architecture also is more scalable than traditional batch systems that warehouse and store duplicate data, providing financial institutions with high quality remote financial electronic commerce services.

The EFT Gateway
With this processing method, Online Resources has partnered with 50 ATM networks, core processors and other financial technology companies to create its EFT Gateway. Through this Gateway, Online can connect its Opus(sm) platform to most U.S. financial institutions.

Online Resources' EFT Gateway, together with its Services Gateway and its Access Gateway, form a network of networks to provide a broad range of services accessible through the Internet and other communications networks and devices.

Retail customers of its financial institution clients dial into the Online Resources' electronic commerce hub to access banking, billpaying, brokerage, insurance, loan applications and other financial services. This hub is branded by Online Resources' clients, who can also use the company's customer call center, marketing support and Web design and hosting services.

Magic Line is one of the major ATM networks that is part of the EFT Gateway. In addition, Magic Line resells the company's services.

McLean, Va.-based Online Resources & Communications Corporation (http://www.orcc.com) is a leading provider of privately-branded outsourced electronic commerce services to regional and community financial institutions. Retail and small business customers of financial institution clients connect to the company's Internet financial hub for delivery of its proprietary banking and billpaying services. Complementary financial services, such as loan approval, insurance shopping, investment information and securities trading are provided through the company's Financial Service Center. Online Resources operates a fully integrated customer care and technical support center and provides consumer co-marketing support to its clients through its BankOnline.com web site and direct marketing services. The company's Opus(sm) services are fully integrated and operate substantially in real-time, providing clients with a powerful, single-source solution for a variety of electronic commerce capabilities. Online Resources (Nasdaq:ORCC - news) was founded in 1989 and serves more than 325 financial institutions nationwide.

This news release contains statements about future events and expectations, which are ''forward-looking statements.'' Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the company's history of losses and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and financial services industry; and those risks and uncertainties discussed in filings made by the company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading ''Risk Factors'' in the company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission.

Opus is a service mark of Online Resources & Communications Corp.